Global Streaming Analytics Market Demands, Types And Projected Industry Size & Shares 2025
The global streaming analytics market size is expected to reach USD 35,986.4 million by 2025, registering a CAGR of 28.9% from 2019 to 2025, according to a new study conducted by Radiant Insights, Inc. There has been a growing demand for streaming analytics solutions from large as well as small and medium-sized enterprises worldwide. The demand is driven due to the ability of these solutions to provide users with deeper insights into customer buying behavior through data visualization and active monitoring of key performance indicators in real-time. In addition, these solutions offer an analysis of the existing business operations and also help companies identify new business opportunities and revenue streams.
In comparison to traditional reactive analytics tools that focus on batch processing using stored data, streaming analytics enables users to proactively respond to changing conditions for improving operations and customer interactions using real-time insights. Due to the growing penetration of high-speed internet and the exponentially rising user base of smartphones globally, there has been a tremendous increase in consumer-generated data. Streaming analytics solutions enable companies to extract business value from data in motion and obtain real-time analytics and insights on data streaming from multiple sources such as social media, sensors, smart devices, and websites.
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The rapidly growing adoption of Internet of Thing (IoT) sensors and devices across multiple industry verticals such as healthcare, media & entertainment, and government is anticipated to drive the market over the forecast period. Furthermore, the large amount of transactional data generated by digital banking systems such as internet and mobile banking is driving the deployment of streaming analytic solution across banks and financial institutions.
Apart from conventional business verticals, streaming analytics solution providers are also focusing on collaborating with state governments and municipal bodies on smart city initiatives in areas such as smart traffic management using real-time data streaming. However, the lack of awareness regarding the operational and strategic advantages of these solutions could challenge market growth over the forecast period. Concerns pertaining to data privacy and security could also negatively impact streaming analytics market growth over the forecast period.
Further key findings from the study suggest:
• In terms of component, the software segment dominated the market in 2018 and is also anticipated to emerge as the fastest-growing segment over the next six years. This can be attributed to the increasing adoption of streaming analytics software across media & entertainment and BFSI organizations to improve customer engagement and service delivery
• The cloud deployment segment is anticipated to gain traction over the forecast period owing to the growing preference for cloud-based solutions due to reduced investments in physical infrastructure
• Use of streaming analytics solutions in risk management application is expected to witness the fastest growth over the forecast period due to the increasing demand for improved risk intelligence capabilities among organizations to effectively tackle risk exposures
• The media & entertainment end use segment is anticipated to emerge as the fastest-growing segment over the next six years owing to the rapidly increasing penetration of smartphone-based digital payment solutions and over-the-top (OTT) applications for media content delivery
• The Asia Pacific regional market is expected to register the highest CAGR from 2019 to 2025 owing to the rapidly increasing data generated by a growing number of smartphones and IoT-based consumer devices such as wearable sensors in the region
• Key players operating in the market include Informatica, IBM, Microsoft, Oracle, SAP SE, SAS Institute Inc.; Software AG, SQLstream, Inc., Striim, Inc., and TIBCO Software Inc.
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Streaming Analytics Market - Industry Snapshot & Key Buying Criteria, 2015 - 2025
2.2 Global Streaming Analytics Market, 2015 - 2025
2.2.1 Global streaming analytics market, by region, 2015 - 2025
2.2.2 Global streaming analytics market, by component, 2015 - 2025
2.2.3 Global streaming analytics market, by deployment, 2015 - 2025
2.2.4 Global streaming analytics market, by application, 2015 - 2025
2.2.5 Global streaming analytics market, by end use, 2015 - 2025
Chapter 3 Streaming Analytics Industry Outlook
3.1 Market Segmentation & Scope
3.2 Market Size and Growth Prospects
3.3 Streaming Analytics - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Streaming Analytics - Market Dynamics
3.4.1 Market driver analysis
3.4.2 Market restraint analysis
3.4.3 Market opportunity analysis
3.5 Penetration and Growth Prospect Mapping
3.6 Streaming Analytics Market - Key Company Ranking Analysis, 2018
3.7 Streaming Analytics - Porter's Five Forces Analysis
3.8 Streaming Analytics - PESTEL Analysis
Chapter 4 Streaming Analytics Component Outlook
4.1 Streaming Analytics Market Share By Component, 2018
4.2 Software
4.2.1 Streaming analytics software market, 2015 - 2025
4.3 Services
4.3.1 Streaming analytics services market, 2015 - 2025
4.3.1.1 Streaming analytics professional services market, 2015 - 2025
4.3.1.2 Streaming analytics managed services market, 2015 - 2025
Continued…
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